[1]Ro Khanna

Friend,

The American Dream of owning a home is growing further and further out of
reach for many hardworking families. Meanwhile, rents continue to
skyrocket as affordable housing becomes harder to find.

Wall Street owns a big share of the blame. Hedge funds and private equity
firms have pushed Americans out of homeownership by [ [link removed] ]buying up
single-family homes left and right, turning them into overpriced rental
properties.

If we have any chance of reining in the cost of housing, we have to start
with Wall Street. That’s why Senator Jeff Merkeley and I have introduced
legislation that would ban hedge funds and private equity firms from
obtaining loans to make large-scale housing purchases.

[ [link removed] ]Sign the petition: Ban hedge fund investors from owning single-family
homes.

This mass buyout of housing stock has decimated wealth for families of
color and working-class families. [ [link removed] ]50 percent of the wealth owned by
Black Americans was lost after the 2008 recession because it was tied to
their homes. Since 1980, 25 percent of wealth among working-class
Americans has been depleted because that wealth has been concentrated at
the top, making it harder for many to buy a home and exacerbating this
wealth disparity.

Every American has the right to pursue the dream of buying a home and
building wealth. And that means putting an end to Wall Street’s real
estate grab.

[ [link removed] ]Sign if you agree: Housing is for homes, not hedge funds.

In solidarity,
Ro


 


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PO Box 3513, Santa Clara, CA 95051